scholarly journals Impact of the COVID-19 pandemic on the production and sales of cars in the world

2021 ◽  
pp. 63-70
Author(s):  
Inna Shevchenko ◽  
Illia Dmytriiev ◽  
Oksana Dmytriieva
Keyword(s):  
Automotive Industry ◽  
Global Financial Crisis ◽  
Negative Consequences ◽  
Negative Effects ◽  
The Past ◽  
The World ◽  
The Global Financial Crisis ◽  
The Impact ◽  
Insight Into

Problem. The global automotive industry has already had an experience of recovery from the global financial crisis of 2008, but the pandemic crisis of 2020 is quite different in nature and pattern of progress: in recent history it has had no analogues and it will be premature to state its completion. Therefore, it is important to determine the impact of the pandemic on the production and sale of cars in order to overcome the negative consequences. To address this issue, the article identifies the sensitivity of this subsector of mechanical engineering to destructive changes in the environment; an analysis of changes in the volume of production and sales of cars by countries of the world over the past period has been made. Goal. The aim of the work is to determine the destructive consequences and trends of the COVID-19 pandemic impact on the global automotive industry, namely the production and sale of cars. Methodology. To determine the impact of the COVID-19 pandemic, a vertical and horizontal analysis of car production and sales in the world has been conducted. Results. The results of the analysis allowed the authors to group the countries of the world by the destructive effects of the pandemic crisis of 2020 for the automotive industry. Originality. The carried out classification of countries by the destructive effects of the COVID-19 pandemic provided an opportunity to gain insight into its impact on the automotive industry, in particular on the production and sale of cars. Practical value. The obtained results can be recommended to identify further ways to overcome the negative effects of the COVID-19 pandemic in the automotive industry.

Impact of the Global Financial Crisis on IT Sector. The Case of Greece

2022 ◽  
Vol 9 (1) ◽  
pp. 0-0
Keyword(s):  
Global Financial Crisis ◽  
Extended Period ◽  
Early Years ◽  
Negative Consequences ◽  
Negative Effects ◽  
Innovation Development ◽  
Negative Effect ◽  
Greek Economy ◽  
The Global Financial Crisis ◽  
The Impact

The impact of the Information and Technology (IT) sector on the countries’ innovation development has been recognized as crucial in prior and recent research studies. Moreover, firms’ innovativeness affects positively countries’ economies. Nevertheless, the global economic crisis of the last decade constituted a significant barrier to the development of country economies and had a negative effect on firms’ performance. Specifically, the negative consequences of the global crisis became harder for Southern Europe Countries. More specifically the Greek economy was suffered by an extended period of crisis with harder consequences than those of other European countries. The main purpose of this study was to examine the financial performance of Greek IT firms in the early years of crisis. Our findings have been relevant to those of previous studies which observed negative effects of the financial recession on firms profitability.

Assessing The Impact Of The Global Financial Crisis On GCC Countries

2010 ◽  
Vol 8 (2) ◽  
Author(s):  
Hisham H. Abdelbaki
Keyword(s):  
Financial Crisis ◽  
Interest Rates ◽  
Global Financial Crisis ◽  
The United States ◽  
Font Size ◽  
Negative Effects ◽  
Gcc Countries ◽  
The World ◽  
The Global Financial Crisis ◽  
The Impact

<p class="MsoNormal" style="text-align: justify; margin: 0in 27pt 0pt;"><span style="font-family: Times New Roman;"><span style="color: #0d0d0d; font-size: 10pt; mso-bidi-language: AR-EG;">No doubt, the </span><span style="color: #0d0d0d; font-size: 10pt;">international financial crisis that started in the United States of America will cast its effects on all countries of the world, developed and developing. Yet these effects vary from one country to another for several reasons. The GCC countries would not escape these negative effects of this severe crisis. The negative effects of the crisis on gulf countries come from many aspects: first, decrease in price of oil on whose revenues the development programs in these countries depend; second, decrease in the value of US$ and the subsequent decrease in the assets owned by these countries in US$; third, a case of economic stagnation will prevail in the world with effects starting to appear. </span><span style="color: #0d0d0d; font-size: 10pt; mso-bidi-language: AR-EG;">It is obvious that this would be reflected on the real sector in the economies causing a series of negative effects through decrease of the world demand for exports of GCC countries of oil, petrochemicals and aluminum.<span style="mso-spacerun: yes;">&nbsp; </span>Lastly, increased inflation rates with decreased interest rates will result in a decrease in real interest with an accompanying decrease in incentives for saving and consequently investment and economic development. The main aim of the research is to assess the economic effects of the global financial crisis on GCC countries. The paper results are that the big reserves of foreign currencies achieved by the GCC countries in the past few years have helped increase their ability to bear the effects of the financial effects on one hand and their ability to adopt expansionary policies through pumping liquidity to absorb the regressive effects of the crisis on the other. The paper recommends the necessity of taking precautionary procedures for the effects which will result from the expansionary policies effective in GCC countries. <strong></strong></span></span></p>

Financialization

2018 ◽  
pp. 276-290
Author(s):  
Ravi Roy ◽  
Thomas D. Willett
Keyword(s):  
Financial Markets ◽  
Financial Services ◽  
Capital Mobility ◽  
Global Financial Crisis ◽  
Economic Globalization ◽  
The Past ◽  
The World ◽  
The Global Financial Crisis ◽  
National Economies ◽  
Global Financial System

The size and scope of financial sectors throughout the world have grown exponentially in tandem with the rise of globalization and increased capital mobility. The terms “economic globalization” and “financialization” are often discussed as inextricably related phenomena. Although the rapid increase in the number and variety of financial services and products during the past four decades has helped spur economic growth and create wealth on an unprecedented scale, the devastating fallout from the global financial crisis of 2008–2009, and the economic turbulence that followed, demonstrates how poorly managed financial sectors can simultaneously cause enormous pain. This chapter argues that if the opportunities created by economic globalization and financialization are to be maximized, while at the same tempering volatile financial markets, then the global financial system (and the national economies connected with it) must be fundamentally restructured. A number of ways that should be taken under consideration are discussed.

scholarly journals Increase in Consumer Debt Preceding Crisis Due to Advancement in Technology, Further Evidence Supporting the Idea No Real Estate Bubble Existed Preceding Crisis Presented by Eddison Walters Risk Expectation Theory of the Global Financial Crisis of 2007 and 2008: The Case for Eddison Walters Modern Economic Analysis Theory

2020 ◽  
Vol 13 (9) ◽  
pp. 122
Author(s):  
Eddison T. Walters
Keyword(s):  
Financial Crisis ◽  
Economic Analysis ◽  
Global Financial Crisis ◽  
Technological Advancement ◽  
Analysis Theory ◽  
The World ◽  
Modern Economic ◽  
Expectation Theory ◽  
The Global Financial Crisis ◽  
Insight Into

The researcher called for economic research to consider the potential effect of advancement in technology on analysis of economic data in Eddison Walters Modern Economic Analysis Theory in the future represented a paradigm shift in economic analysis that will significantly reduce the potential for error due to data distortion in the future. The foundation of the world&#39;s economy is based on the sharing of information, yet very little attention has been given to the effect of technology advancement in the analysis of data. The researcher of the current study highlighted the critical nature of sharing information to the development of the world&rsquo;s economy in the past, as well as the critical nature of sharing information to the world&rsquo;s economy today. Advancement in technology has drastically improved the sharing of information and has led to the globalized economy. The lack of evidence supporting the widely accepted theory of the Global Financial Crisis of 2007 and 2008 prompted the investigation by the current researcher aimed at gaining insight into economic factors that were responsible for conditions contributing to the Global Financial Crisis of 2007 and 2008. Walters (2018) presented evidence suggesting no financial bubble existed before the Global Financial Crisis of 2007 and 2008. The study resulted in the development of &ldquo;Eddison Walters Risk Expectation Theory of The Global Financial Crisis of 2007 and 2008&rdquo;. The theory presented an alternative explanation for the financial crisis. The researcher called for additional investigation to gain insight into the nature of the cause of the Global Financial Crisis of 2007 and 2008. Further investigation in Walters (2019) provided evidence supporting the idea, technological advancement led to the rapid growth in home prices before the Global Financial Crisis of 2007 and 2008. The result from the analysis of data in Walters (2019) revealed the following, 0.989 Adjusted R-square, 194.041 Mean Dependent Variable, 5.908 Square Error of Regression, and 488.726 Sum-of-Square Residual, from nonlinear regression analysis. The dependent variable in the study was, &ldquo;home purchase price&rdquo; and the independent variable was, &ldquo;advancement in technology&rdquo;. The current study continued the investigation into factors that were described in the literature which set the conditions leading to the Global Financial Crisis of 2007 and 2008. Gaining insight into the effect of technological advancement on the significant increase in consumer debt prior to the Global Financial Crisis will significantly contribute to the understanding of the economic environment before the Global Financial Crisis of 2007 and 2008. Insight into the effect of advancement in technology on the increase in consumer lending prior to the Global Financial Crisis of 2007 and 2008, will significantly contribute to the understanding of the Global Financial Crisis of 2007 and 2008.

1. The Study of Global Political Economy

2016 ◽  
Author(s):  
John Ravenhill
Keyword(s):  
Political Economy ◽  
Interwar Period ◽  
Global Financial Crisis ◽  
Economic Policies ◽  
Global Political Economy ◽  
Developed Economies ◽  
The World ◽  
World Poverty ◽  
The Global Financial Crisis ◽  
The Impact

This volume provides an introduction to the field of Global Political Economy (GPE). It explores some of the approaches that have addressed the key concerns of theorists of GPE; for example. what conditions are most conducive to the emergence of collaborative behaviour among states on economic issues, or what are the determinants of the foreign economic policies of states. It examines various aspects of the debate about globalization as well as the impact of globalization on world poverty, inequality, and the environment. It also considers how globalization has changed the relations between industrialized and less developed economies. This chapter discusses the global financial crisis and the world economy pre-1914, in the interwar period, and post-1945. It also analyses the emergence of GPE as a field and describes a number of approaches to the study of GPE.

scholarly journals The Impact of the Global Financial Crisis, Does It Sustain?

2016 ◽  
Vol 8 (10) ◽  
pp. 82 ◽  
Author(s):  
Bashar Al-Zu'bi ◽  
Hussein Salameh ◽  
Qasim Mousa Abu Eid
Keyword(s):  
Financial Crisis ◽  
Stock Market ◽  
Global Financial Crisis ◽  
Stock Market Index ◽  
The World ◽  
The Usa ◽  
Short And Long Term ◽  
The Global Financial Crisis ◽  
The Impact

<p>This paper studies the short and long term relationship between S&amp;P500 USA stock market index and the stock market indices of 30 countries around the world over the period June 2010-April 2015. We implement OLS regression and use error correction model to examine the short and long term relationship between the variables. Empirically, we find that there is a relationship on the short and long term between S&amp;P500 and the indices of 27 countries from East Asia, Europe, Latin America, Middle East as well as the countries of Australia and Canada. These results conclude that the global financial crisis of 2007-2008 significantly and lengthy increased the already high level of co-movement between the USA financial market and the observed stock market for 27 countries around the world. The findings from our research are important; however, we believe that further research based on our findings is necessary.</p>

scholarly journals Financial Repression is Knocking at the Door, Again

2019 ◽  
Vol 2019 (211) ◽  
Author(s):  
Etibar Jafarov ◽  
Rodolfo Maino ◽  
Marco Pani
Keyword(s):  
Interest Rates ◽  
Global Financial Crisis ◽  
Rent Seeking ◽  
Financial Repression ◽  
Capital Movements ◽  
The Past ◽  
Percentage Points ◽  
Legal Restrictions ◽  
The Global Financial Crisis ◽  
The Impact

Financial repression (legal restrictions on interest rates, credit allocation, capital movements, and other financial operations) was widely used in the past but was largely abandoned in the liberalization wave of the 1990s, as widespread support for interventionist policies gave way to a renewed conception of government as an impartial referee. Financial repression has come back on the agenda with the surge in public debt in the wake of the Global Financial Crisis, and some countries have reintroduced administrative ceilings on interest rates. By distorting market incentives and signals, financial repression induces losses from inefficiency and rent-seeking that are not easily quantified. This study attempts to assess some of these losses by estimating the impact of financial repression on growth using an updated index of interest rate controls covering 90 countries over 45 years. The results suggest that financial repression poses a significant drag on growth, which could amount to 0.4-0.7 percentage points.

Understanding the Impact of Securities Markets Reform on the Economy of Brazil

2014 ◽  
pp. 339-349
Author(s):  
Deboshree Banerji ◽  
Rituparna Das
Keyword(s):  
Global Economy ◽  
Developing Economies ◽  
The Other ◽  
Securities Market ◽  
Securities Markets ◽  
The Past ◽  
The World ◽  
International Standing ◽  
The Impact ◽  
Insight Into

The economic strength of a country depicts the international standing of a nation and also reflects the significance of the country in moulding the trends of the global economy equally. The Brazilian economy, like many developing economies, has many facets that have developed and matured with time. The Brazilian securities market has undergone much change over the past decade. The reforms that started with the implementation of the “Plano Real” have accelerated the Brazilian market and economy exponentially, thus making the economy one of the major investment destinations, with some calling it the “next superpower.” The fact that the Brazilian economy is a commodities-dominated economy has led the authors to probe into the various nuances related to the securities markets of Brazil, leading to this chapter through which we get a glimpse into the reforms in the securities market and the effect it has on the country as well as the world. The chapter meanders through the development of the Brazilian economy and provides insight into the heart of the Brazilian economy, thereby discussing the effect of the reforms on the economy of the country, how the same strikes the global economy, and the lessons that the country can learn from the other BRICS counterparts, through which it can consolidate its position.

scholarly journals Implications of the Global Financial Crisis for China: A Dynamic CGE Analysis to 2020

2011 ◽  
Vol 2011 ◽  
pp. 1-9 ◽  
Author(s):  
Anna Strutt ◽  
Terrie Walmsley
Keyword(s):  
Financial Crisis ◽  
Global Economy ◽  
Baseline Level ◽  
Global Financial Crisis ◽  
Long Run ◽  
The World ◽  
Dynamic Cge ◽  
The Global Financial Crisis ◽  
Investment Goods ◽  
The Impact

The global financial crisis resulted in a significant downturn in the global economy, with impacts felt throughout the world. In this paper, we use a dynamic global general equilibrium model to explore the longer-term impacts of the financial crisis, with a particular focus on China. The economies of most countries suffered to some extent, with the extent of declines in the long run likely to depend on the extent to which investment declines. Our results suggest that overall the financial crisis leads to international trade falling by approximately 14 percent from the 2020 baseline level. Within this, the composition of trade changes, particularly reflecting changes in demand for construction of investment goods and increasing longer-term demand from economies like China. We also briefly consider the impact of a more protracted recovery from the crisis, which has even more significant impacts on the global economy.

TOURISM SAFETY DURING THE PANDEMIC: STATISTICS AND ANALYTICS

2018 ◽  
Author(s):  
Raisa Kozhukhіvska ◽  
◽  
Оlena Sakovska ◽  
Keyword(s):  
World Economy ◽  
Tourism Industry ◽  
Negative Consequences ◽  
Negative Effects ◽  
Safety Issues ◽  
Goods And Services ◽  
The World ◽  
Precautionary Measures ◽  
The Impact ◽  
Statistical Indicators

The article analyzes statistical indicators of tourism development and investigates safety issues in tourism. The negative consequences in tourism that occurred as a result of the spread of the disease caused by coronavirus infection has been analyzed. It is marked, that as a result of distribution of pandemic there was a fall of the world economy, volumes of trade and prices of the goods and services, capital outflow from new market economies. It is established that the tourism industry is one of the most important indicators of socio-economic development of both some regions and the country as a whole. But due to the restrictions caused by the spread of the pandemic, the tourism industry is facing a crisis that may be the worst in the history of the world economy. It is noted that if precautionary measures are not taken soon, the tourism industry will face an economic crisis from which it will be difficult to recover and millions of people working in the tourism industry will be out of work. Therefore, there is a need to develop ways to overcome the crisis caused by the spread of an infectious disease caused by coronavirus. It is pointed out that during the pandemic caused by COVID-19, it was tourism that suffered the most, in particular because of the restrictive measures imposed by States on the movement of citizens, quarantine, prohibition of air travelling, etc. A detailed analysis of analytical and statistical indicators of tourist travel in the world and Ukraine has been conducted. It is noted that due to the pandemic caused by COVID-19, the global tourism sector in 2022 may miss a third of revenues planned for this period. The measures to mitigate the impact of the crisis in Ukraine, which are proposed by experts of the tourism industry has been considered. Proposals on ways out of the crisis situation for the Ukrainian sphere of tourism, the implementation of which will reduce the negative effects associated with pendemia, have been developed. It is noted that the main activities should be the state support for entrepreneurs that are doing business in tourism, the expansion of Internet services and improving of its services, particularly in the field of booking and reservation of tourist services.

Sign in / Sign up

Export Citation Format

Share Document